New iPhone mean trade-ins devalue

The value of old iPhones is pretty good and towards the end of last month we saw a spike in trade-ins, and this is due to Apple fans hoping for a new iPhone and wanting to cash-in while the price was right.

There are a number of good reasons why every Apple phone owner should be considering trading in their iPhone if they want the new iPhone 5, and top of this list is how much the iPhone 4 and 3GS is worth on October 4, 2011 and then what that price will be minutes after Apple’s press event today.

If Apple does reveal a new iPhone, the prices for current models with drop further thanks to these devices becoming even more outdated after the Apple keynote. This year could see an even bigger drop in price for iPhone 4 if Apple decide to release a 4S model, which could be much cheaper. Current rumors are pointing to just that, and with 3GS sales going strong for most of 2011, this would be a smart move for Apple to gain market back from Android.

An article on Philly has looked at current prices for selling your old iPhone, and these show some interesting facts. You could most likely get more money for selling your phone to a friend or family member, but online trade-in stores are much easier to get a deal completed and cash in your hand fast, the problem is the money they give you varies greatly from each trade-in website. Have a read of Philly’s article for more details.

Are you ready for the new iPhone yet, and if so did you trade-in an old one?